The former head of the company that owns Beijing's international
airport has been executed following his conviction on corruption
charges.

State-run Xinhua news agency says 60-year-old Li
Peiying was put to death in Jinan, the capital of the eastern province
of Shangdong.

Li was the former chairman and general manager of
Capital Airports Holding Company, which operates more than 30 airports
across China and has assets of more than $14 billion.

He was
convicted in February of accepting nearly $4 million in bribes, and
embezzling another $12 million, between 1995 to 2003.

Meanwhile, the head of China's nuclear power program is said to be under investigation on charges of official misconduct.

Chinese
authorities have long struggled against official corruption in
state-owned enterprises. President Hu Jintao has warned that official
misconduct within the ruling Communist Party is the greatest threat to its legitimacy.